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Proteomics Market | Competitive Insights | Significant Futuristic Trends and Opportunities 2023

Based on software and services, analytical laboratory services held largest share of the global proteomics market in 2016.
Rahul Gautam | 20.07.2018
Proteomics Market © Rahul Gautam
Proteomes are an entire set of proteins which is expressed in genomes, and proteomics refers to the large-scale study of these proteomes, that include study of the functions and structure of proteins that can be used in diagnosis and treatment of various diseases, and in the process of drug discovery.

Proteomics is used to analyze the interaction of proteins with each other, action of proteins in metabolic pathways, rate of the production of proteins, and the modification process of the proteins. Additionally, it is extensively applied in personalized medicine development, and marker identification for disease diagnosis. Global proteomics market is expected to grow significantly in the forecasted period due to the rising demand for personalized medicine and increasing investment in research and development activities, globally.

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Global Proteomics market is expected to grow significantly during the forecast period. Some of the major factors driving growth of the global proteomics market are rising demand for personalized medicine, increasing research and development investments, technological advancements, and availability of government and private funding. Personalized medicine is manufactured according to the treatment condition and helps in the better treatment and quick recovery of the patients. The benefits of the personalized medicine for the treatment of different types of cancer is further driving the growth of the global proteomics market.

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Geographically, North America was the largest market for Proteomics in 2016, followed by Europe. The North American proteomics market is primarily driven by easily available funds from various institutions for proteomic research using innovative technologies.

Due to the increased spending on healthcare in the developed market, various government and private institutions are funding on different projects which will drive the growth of the global proteomics market, Asia-Pacific is expected to witness the fastest in the period, 2017-2023, the improving infrastructure for research, and emerging markets is driving the growth of the region’s proteomics market. Government and private players are increasingly investing in the Asia-Pacific, since the region constitutes many untapped countries having potential customers.

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Some of the key players in the global proteomics market are Agilent Technologies Inc., Bruker Corporation, GE Healthcare, Merck KGaA, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Waters Corporation, Danaher Corporation, Luminex Corporation, and PerkinElmer Inc.